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Methodology: GOBankingRates analyzed all 50 states in terms of three overarching factors: (1) Unfunded pension liabilities for 2021 and 2022, (2) unfunded pension liabilities per capita for 2021 ...
The relative security of a pension is tied to the well-being of the government that offers it, and a great many U.S. states currently have unfunded pension liabilities. See which states are well ...
The San Diego City Employees' Retirement System had been underfunded in some form for more than a decade. [2] In 2001, as a result of years of sharp increases in pension benefits combined with decreases in pension funding [3] and a decrease in the value of investments, [4] the fund fell below certain funding targets.
This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.
The Illinois pension crisis refers to the rising gap between the pension benefits owed to eligible state employees and the amount of funding set aside by the state to make these future pension payments. As of 2020, the size of Illinois' pension obligation is $237B, but the state's pension funds have only $96B available for payouts to retirees.
The culprit for Nevada's pension problems could be the state's labor market, as its unemployment rate of 4.9% is the fifth-highest in the country. ... Best and Worst States for Pensions. Show ...
State 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 ... Illinois pension crisis; References This page was last edited on 16 ...
Operating budgets pay pensions, salaries, rent, etc. So state debt levels related to bond issuance and the funding of pension obligations have substantially remained separate issues up to this point. State debt levels have ranged between 12% and 18% of GDP between 1979 and 2009. During the second quarter of 2010, the debt level was 16.7%. State ...